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Australian Economy Starting To Sink

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Wednesday September 6, 3:38 PM
Australia's economy falters as interest rates remain on hold
Australian economic growth has slipped to a five-year low prompting the central bank to leave interest rates on hold and economists to predict they would remain steady until next year.
The Australian Bureau of Statistics said economic growth slowed to a seasonally-adjusted 0.3 percent in the June quarter, dragging the annualised rate down to 1.9 percent, the lowest since mid-2001.
The quarterly figure was well below market expectations of a 0.7 percent rise and BT Financial Group chief economist Chris Caton said the 1.9 percent annual rate was "a mile off" the central bank's 3.0 percent-plus forecast.


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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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